Supply and Demand Crash Course

Supply and Demand Crash Course

9th - 12th Grade

10 Qs

quiz-placeholder

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Supply and Demand Crash Course

Supply and Demand Crash Course

Assessment

Quiz

Social Studies

9th - 12th Grade

Hard

Created by

Patricia White

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A _____ is any place where buyers and sellers meet to exchange goods and services.

market

swap meet

mall

command economy

2.

FILL IN THE BLANK QUESTION

5 mins • 1 pt

Most markets are based on __________ exchange.

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The information that markets generate to guide a distribution of resources is what economists call ________

price signals

market options

supply and demand

emu ninja spies

4.

MULTIPLE SELECT QUESTION

5 mins • 1 pt

What factors determine where resources should go?

prices

profit

marketing plans

invisible hand

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

According to the law of demand, when the price goes up, people buy _____, and when the price goes down, the people buy _____.

less, more

more, less

big, small

gold, options

6.

FILL IN THE BLANK QUESTION

5 mins • 1 pt

When we graph the supply curve and the demand curve, we find the price where supply equals demand. That is called the _____ price.

7.

MULTIPLE SELECT QUESTION

5 mins • 1 pt

What can happen in a market?

Supply can increase

Supply can decrease

Demand can increase

Demand can decrease

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